for engine for apple the growth engine for apple at the going forward et the—momentgeing forward appletting in billions dollars into capital w e ntres everyone data centres everyone else. a centres like everyone elsl . talk about tesla saw their go we eat: their eher’ee ge a roller—coaster on a roller—coaster after reported their results. 7do do you of romance what do you make of the romance between trump and elon musk and what that may mean between trump and elon musk and whatt vehicle mean important thing to say the important thing to say is that there are no big american for tesla. american competitors for tesla. the big ones are be weighty korean manufacturers and korean manufacturers and korean manufacturers and with that and with tariffs, that will give tesla a buffer. the challenge is that china and most of has been able get: 7. -— e tf’ .. get to a point where to get to a point where they can get manufacturing costs be as fully = -= energy of energy cost. china's energy china�*s. enerd�*; tests. coming china�*s enerd�*; tests coming down. are coming down. they get to about 2— 3

as apple intelligence becomes more prevalent in more markets, as more people adopt apple intelligenceey will realise the value, the benefits of that overarching experience. dividends over time, because the point of for apple, it's not about apple intelligence, it's about apple experience. by president trump to introduce trade tariffs on canada well, i'll be announcing the tariffs on canada and so horribly and so much. the form of deficits. and i'll be putting the tariff of 25% on canada deficits with those countries. president trump there. investment management and asked her if she thought well, i think there's no way to know until as to the measures that are expected to come importers of us goods, and so they have the and specifically fe nta nyl. so in that sense, it's not a traditional trade war other factors rather than merely the deficits. they are some of their biggest partners. but it is safe to say that if we enter into an all—out in all three countries who will likely have to bear over the course of decades, many supply chains and a lot of complexity. able to substitute away f

apple stocks finished higher today. that does it for us here at overtime. >> fast money. >> starts now. >> live from the. nasdaq market site in the heart of new. >> york. >> city's times square. >> this is fast money. here's what's on tap tonight. all eyes. on apple taking a. >> leg lower in just the. >> last few minutes. >> now, at after hours lows. >> the tech giant missing iphone revenue estimates seeing a big drop. >> in china sales. >> we've got all the details. >> on the numbers. >> and we'll bring you the trade and breakout or breakdown. >> two bellwether. >> stocks doing. >> big about. faces this week. are these moves a. >> change in trend or just a temporary blip? we'll dive into the charts to find out. plus ups doesn't deliver. comcast sees its worst day since 2008. and an old school tech stock hits all time highs today. i'm melissa lee coming to you live from studio b at the nasdaq. on the desk tonight tim seymour, karen finerman, guy adami and michael kontopoulos director of fixed income at richard bernstein

on apple intelligence i think investors are giving apple a little bit of leeway.y have shown their ability to come into new categories slowly and improve the product over type. ai is a different beast and they have refers both here and abroad that are absolutely crushing them right now. but i think that investors will give them a little bit of lee way. i would give them two more quarters. analysts i believe will give them two more quarters before they have kraoerpbls about this technology and ability to drive sales and how it works featurewise. in terms of wearables the new c.e.o. made an interesting point on the earnings call there's a tough compare. typically the last few years you saw apple roll out two or three models. it past september they only released series 10. there was to new apple watch ultra. that is later this year. there will be a s.c. later. so you will see a little bit of that momentum to the wearables category but the apple vision pro not driving anything material to grow that category. their first major new product category in years $3500 per pi

apple is higher right now, but it's been a lousy start to the year with apple losing about $300 billionn market value just this year. put that in context. market cap loss alone, just this year -- what is it, january 16th? that market cap loss would be to the 30 biggest companies in america. your first guest today says don't panic, he remains optimistic on apple. senior managing director evercore isi. got a $200 price target on it at evercore isi. i've done enough talking. i will let you talk for yourself. what is the one thing you think or two things that investors will be getting wrong about apple to start the year. >> if apple is going to lose its very longs in klein that they've had and do they get caught in the cross hairs with political tension. china demand has been the big worry. the other one probably has been that the rollout of apple intelligence has been slower than expected. i think those are the things worrying folks right now. what i think that misses is all the goodness happening in apple, right? china, i will concede is weaker than expected, but that's a broad smart phon

>> a lot better than apple, frankly. times, talking about 57% earnings growth, 39% revenue growth, and yes, i understand there's concern around a.i., but would you rather be a.i. and have that exposure or would you rather be exposed to automobiles or smartphones? that's perhaps why we saw some of the apple selloff today. i think this is a situation where management has aligned with secular trend, and it's probably positive. >> but are we immune from china tensions with taiwan semi? >> here we go. here we go. >> definitely not. but we like to play -- we play a lot of games. >> so many. >> it's fun. >> we should have a catalog of games. >> somebody out there probably does. but one of the games we play is, mel, if you had told me last night that taiwan semi would come out with the numbers that they did, with the commentary around a.i., where's nvidia going to trade, given the selloff we've seen since june? i would have said, oh, my god, stock is going to be up 4.5%, 5%. >> it was at one point. >> but look where it closed, t

the billi engine for apple ate billi engine for apple at the 7 g7oing forward hopefully mam apple intelligenceis not in few mag seven that is not in billions of dollars into for data capital expenditure for data centres like everyone else. let's talk about haslar we let's tetk—ahout hester—we saw �* shares go on let's tetk—ahout hester—we saw �*shares go on a 777 7 7 �*after 777 7 7 77 �*afterthey rollercoaster after they reported their results. do reported their results. what do you make of the 777a7nd77elon7mus7k7 77 7 777a7r717d77elo7n7m7us7k7 3476377 7 7777 77may may mean for electric that may mean for electric vehicle sales?— that may mean for electric vehicle sales? 1h; i, lllq .,;, to sa is vehicle sales? £155 i, ,- - to say is that there are thing to say is that there are no american competitors for tesla, the big ones are be and korean and with tariiigg manufacturers and with tariffs, will give a "”ch5llin§e”w ’ ' challgnge is that china and the challenge is that china and most of asia has been able to mm m mint where the m wintwhere the can get to a point where they can costs to be g

apple experience and apple is a means apple intelligence is a means to end but going to junie z , alittlebita little bit of time. to get ”a: 0k, thank you for get to that. 0k, thank you for that. of the deepseek app. to a similar level as the us industry leaders — but for a fraction of the cost. ai chipmaker cerebras. what's so special about your chip? what's so special about your chi - ? . . ~ what's so special about your chi? , ., ., chip? first, thank you for havin: chip? first, thank you for having me. _ chip? first, thank you for having me, we _ chip? first, thank you for having me, we build - 22-2 j: -: 77 for al computers exclusively for al computers and when used in our systems, our chips produce speeds �*50 and when used in our systems, our ch times duce speeds �*50 and when used in our systems, our ch times duce 5 than; �*50 and when used in our systems, our ch times duce 5 than any 50 = -5 �*chip in the �* chip in the world. and so �*chip in the when . and so �* chip in the when you id so �* chip in the when you use your experience when you use chatgpt or lama or the new models, ,

he often predicts what apple is going to do months or years before apple does it. here's what he's saying about iphone. iphone shipments, he says, are expected to decline 6% for the first half of this year, even with the expected launch of the new entry level iphone se, the cheaper iphone that apple puts out every few years or so. iphone shipments, it gets worse, though, in china, down 10% to 12% year over year for even -- for the december month of december that is, even though overall smartphone shipments were flat. that means apple is a losing market share in china. here is the kicker here, he says, quote, no evidence of apple intelligence driving hardware upgrades or service revenue. apple's reporting earnings in just 20 days, scott, on january 30th, and this is the biggest question everyone is going to have for tim cook and his team is apple intelligence driving sales, they seem to think it is not paying off right now. >> at what point do we say, we have enough evidence to suggest this is just not going to happen, like maybe we thought it would? >> i think we'r

before 2019, apple and amazon _ at stake. before 2019, apple and amazon with _ at stake.a - at stake. before 2019, apple and amazon with alexa used i at stake. before 2019, apple i and amazon with alexa used to transcribe the conversations that it was hearing, so it would put them into writing and thenit would put them into writing and then it would be able to learn from people's habits and potentially sell that information, which is worth a lot to their advertisers. tech companies and apps know a lot about us, but since 2019, they have come on such a long way, and the truth is, now they don't necessarily need to listen to us and our conversations because they learn so much about us. this case is all about making sure people are aware of the privacy and what information they are giving up, and to make sure they look at the terms and conditions, and these days it is more to do with tracking permissions on each app, to make sure that they haven't by chance given away microphone access to any of their apps. we have all done _ access to any of their apps. we have all done it,

it's not saying apple is broken.ll that says that the valuation has run too far and that there are legitimate risks that simply aren't being discounted in the stock today and that it makes sense for people to be more cautious. >> is it trading at an all-time high valuation? >> yes. you are looking at apple trading right now at 33 times earnings. what i think particularly jumps out is, remember, apple is no longer a brisk growth company. when you think about its peer group among the mag 7, among amazon and meta, for example, or alphabet, the peg ratio, the ratio of the multiple to the growth rate is above three. all the others are around two. if you look out even a year or two years, the valuation that is implied here starts to be ridiculously stretched relative to the rest of its peer group and the rest of its peer group is not cheap. this is not a moment when anybody would say that the mag 7 are trading at bargain multiples. >> right. we were surprised when it started to take off last year. there were five straight

the company's ai platform apple intelligence also doesn't ulster sales of its flagship still, apple'sh sector this week following the of the chinese ai tech sector this week following the deepseek. e chinese ai tech sector this week following the deepseek. but inese ai tech sector this week following the deepseek. but in 5se ai start—up deepseek. but in to other tech firms contrast to other tech firms like nvidia, apple taken big hit from the news. one z= that it 7 that it seen z— ssse—zss e e for is cheaper positive for apple, is cheaper ai could encourage ai models could encourage to upgrade their customers to upgrade their iphones, real iphones, kick—starting a real acceleration in growth. artificial intelligence. zoe picks up the story... this is a book that i was given for christmas and it really gave me a bit of a shock. it's got my name on it, it's 240 pages long. so it's got some details about my life, places that to do with me. i think it says quite a lot, doesn't it, about where we're going with the power of artificial now, in my opinion, it could do with a bit of an edit. t

nvidia and apple under pressure again, too, and speaking of, we have morgan stanley's apple analyst, erik woodring is coming up later for the apple and iphone demand, as well. it takes us to the talk of the tape. has the path of the bull market taken a turn for the worse? let's ask blackrock's rick rieder. thank you for joining us. >> the employment number on friday was pretty powerful and when you look at the confluence of data, you have an economy that's operating on a strong level. we talkeded about about it a b times on your show. if you look at how the service sector did again and look at the services economy, they're doing well. so you get asked all of the time, where do you start buying rates here? i find long end interest rates still not that interesting. there is a point that you start adding as you get to around 5% on the ten-year and you maybe add a little bit and you have an economy that's around well and you have uncertainty. the fed, and we'll get cpi and ppi this week. you're still operating year on year, core cpi at 3+ percent. the fed is still, you know, in a tough s

that apple are going we saw what happened with deepseek. about apple intelligence. bonanza on day onestead, you need to think of it as the goose as more people adopt apple intelligence, they will realise the upgrade supercycle. but it will surely happen and it will pay rich and apple intelligence is a means to that end. but it's going to take a little bit of time to get to that end. and mexico is closing in. speaking on thursday, the president said it was yet to be decided if oil would be included in the 25% well, i'll be announcing the tariffs on canada and mexico for a number of reasons. and number three are the massive subsidies that we're giving to canada and to mexico in president trump there. earlier, i spoke to swetha ramachandran from artemis he would go through with his tariff threats. the actual decision is made. the markets have been expecting some form of tariff announcements since trump was elected. when a more serious and considered enforcement into force tomorrow, we're still in the dark about the specifics of some of them because china importers of us goods, and so the

but we use apple tv at home, as well. we have cable and we have apple tv.hing into my remote, you can use it by voice, i don't know where the content is coming from anymore. nor do i care. i don't care if it's netflix, hulu, it's the content. i was thinking about it yesterday, is this going to damage the brand, because why don't we care where this is coming from? what is to keep me engaged or paying? >> if you go to say watch the nfl game on christmas day, and you're not playing for netflix, that's how you find out. >> to the point of the sports -- >> just because of the nfl? >> all kinds of reasons. i think people associate content with context. i think there is a brand affiliation with netflix. but getting to the interesting point of sports, which we're early in this. wwe is time now that started just a couple weeks ago. that is 52 weeks per year of live event content. and i believe that drove something like 2.5 times the viewership on its first week than it did last year on cable tv. >> i would love some color on that. that's a big deal, because it goes

we've been talking about apple, it is all about those handset sales, because the apple intelligence aiet, and it's not showing up in the financials just yet. jaclyn writes nelson is the ceo of an ai enterprise company. great to see you. one of the criticisms about apple from investors is it is not a full player in the ai game it is late to the game, late to the party. as far as users are concerned, it does not do a whole lot. it has not executed, has not delivered in quite the way people would like to see. is there a reason to think that with this week's announcement of deep speak of their cheaper, more efficient ai model, that we should not be counting out apple in the ai environment? jaclyn: it is very clear that apple intelligence is big, and i don't think it is one they can't recover from. i don't think there's a lot that changed over the last week that actually puts apple in a really interesting position and maybe even make some of their moves look a little genius in hindsight. they have not built their own large language model. it turns out there maybe a little bit of a race to t

ff f point with apple that the point with apple is that they have 1.2 billion devices and services toon devices anc growth engine to be they have 1.2 billion devices anc growth engine for to be they have 1.2 billion devices anc growth engine for apple -mm at thenfiimeht gaing farward apple intelligence playaii:7:;i;7i; ,, . , ,, playarole” ' ' w’eiéfyf'aisiéfbhffiifw"" ' ' "7eiéy'aisiéfbhi’iirfifii’ew" " ' ' not putting in is not putting in billions of dollars into capital at aattare ihta aaaita! for centres at aattare ihta aaaita! everyone >r centres at aattare ihta aaaita! everyone else. centres like everyehe else!” talk tesla let's talk about tesla we their shares go we saw their shares go a after on a roller—coaster after they their results. they reported their results. do you make of the romance what do you make of the romance between elon musk what that mar;r mean electric . electric vehicle sales? for electric vehicle sales? the important thing say the important thing to say that there are no big is that there are no big american competitors for tesla. big ones are be weightsr tae

so back in june apple announced apple intelligence. this is their new a.i. platform. the good news is that apple is here too with a.i. the bad news is their a.i. is not up to snuff in comparison to the competition. you have samsung, which has google gemini deeply integrated. microsoft products have open a.i. deeply integrated at the core of their stack. you see meta with integration in different applications. the industry knows that apple is behind. but here is the other side of the coin. i don't think that 95% of consumers care about a.i. i am not sure consumers are making their purchasing decisions based on apple intelligence, based on open a.i., or gemini etc. i think consumers are making their buying decisions still very much because of design, hardware features, and what we have seen from apple is no major hardware upgrades. i think that is what is holding back iphone sales. i think a lot of people are anticipating in the market at least big iphone redesigns in the fall of this year. so there's probably consumers holding off on their purchases until the end of th

show the market cap if you can between nvidia and apple, because it was earlier today nvidia topped apple in terms of market cap. how would you assess that question, earnings, what they mean, these particular stocks mean to where the rally can go from here? >> earnings from the companies that are tied to ai directly, i think they matter from a sentiment standpoint. we're at a point in the market cycle where even in the second half of 2024, investors had gotten really critical of those companies for how much they had spent on ai. you've got to show me the profit. i think we're still in that place. but there is a lot of other opportunity to make money in markets. look at how well financials have done already in this earnings season. there are other sectors, health care is one that's supposed to be the second strongest sector from an eps growth perspective. so i think there are other places to find that growth, attractive valuations. we just need these big companies to not miss. the expectations are high, they need to not miss. >> you have to figure that -- and i can't remember the firm that

which brings me to apple. today apple is worse than invidia.rades. while one of them was about a hold the other was hold to sell. this kind of downgrade is usually the problems of companies showing dismal failure several quarters in a row. followed by a changing of the guard. apple's superficial problem, demand, not enough of it. especially the phone. more importantly china may have used a form of cliff. there's a problem with artificial intelligence in china. china doesn't have a partner that's going to cause them to miss a quarter. worse, they're going to miss the next quarter too. they say it's going to be a shortfall and estimate cut of proportions. some may say what meta said that apple has not invented anything since passed away. there's just one problem. how can something this well known still be a surprise. today is the birthday of our executive, we'll have surprise cup cakes after the show. there, the proverbial cat is out of the bag. same thing for apple. analysts want to downgrade it now ahead of its report on thursday of next week.

apple seems to be losing market share. and again, they don't have apple intelligence there.y need to partner with a local ai company. a lot of questions about if the trade war could lead china to maybe hold off on allowing them to partner with somebody, because, remember, the state has to allow them to do so. what do you mean that they're doing well in china? i mean, we're looking right here. down 11%. >> yeah. i mean, maybe the better term is resilient, right? when you kind of look at. >> the numbers. >> to your point down 11%. and that was actually on top of. >> a 13%. >> decline a. >> year ago. >> so you kind of look at that china business right now. and actually over the last two years, the china. >> exposure has. >> actually dropped from 20% of sales, now down to about 15% of sales. so that in our in our from. >> our. >> perspective, that's actually helped. de-risk the story to an extent out in china. in the fact that, hey, listen, we think that there's actually limited downside left to the china story. you go into the march quarter in terms of the guidanc. >> there. >>

so i think apple remains expensive as a name. i think microsoft, you know, satya talked about in last quarter that they had 10 billion of a.i.-related revenue. but they have spent, what, you know, $50 billion, going on another $40 billion to $50 billion. i think investors will be more discerning within those names. i continue to believe the one of the seven names that has the most clear line of sight is going to be nvidia. we know blackwell sold out. so of those names i think you'll see dispersion. i think nvidia will do well this year. and i think, you know, valuations do matter and the starting point right now is not great for a lot of these names. >> yeah, as we keep holding out, nvidia has consolidated and invited its time in the last six months or so. we'll see if that's a launchpad or a little bit of a further churn. and, brynn, just while we're on this topic of the give and take within this group, tesla a big downside mover, i know you thought the stock got ahead of itself. how are you thinking about it right now? >> i hav

apple's mixed results. >> at some point apple intelligence will drive services. wait for is for apple intelligence to drive an iphone upgrade cycle. that is the only way you drive sustainable growth for apple. that will drive. eventually it will drive services growth as well. jonathan: apple delivering a mixed earning report. china revenue plunging 11%. the company forecasting overall revenue to grow for the current quarter. pierre ferragu has a neutral rating on the stock with a $225 price target. the stock is up by 3.5%. good to see you. i am wondering -- pierre: very surprised. the quarter was weak. within this number you still have quite a strong momentum for the macbook. low to mid single digit growth for the first quarter. i think the stock -- management mentioned it on the call. investors were worried. sentiment was very bleak. i downgrade into the numbers -- a downgrade into the numbers and the market took that like it's not as bad as we feared signal. things are playing out in line with what we are expecting. a very weak cycle for the iphone. nothing dra

can't have apple intelligence. if they can't have apple intelligence, they aren't upgrading their iphone. and what that means is that not upgrading your iphone leads to iphone revenue declines. i think that is the challenge that apple faces. and what we did not hear last night is any real concrete timeline for when apple intelligence does come to china. we know that apple intelligence will support simplified chinese starting in april. that's a good step forward. but scott you need apple intelligence in china that consumers in that market want it. but until they get it i do think that that that china faces a challenge. unless of course, either subsidies work or discounting does help to drive demand. >> can you can you get even to your base case of 275 again, i said your top case your bull case was 350. can you get there? if china just remains this prolonged weak spot. >> you can't get there. if china remains on the decline in fiscal year 26. it's the single biggest risk that i think about when i think about my iphon

apple intelligence is in the spotlight as apple promises to tweak its notificiation summaries in response to bbc complaints. china's media giant tencent loses billions of dollars in value as the us accuses it of aiding the chinese military. and some of the world's top innovations are on show at the consumer electronics show in las vegas. we take a look. live from london, this is business today. i'm sally bundock. the japanese steel giant nippon steel has come out swinging after its proposed purchase of us steel was blocked by president biden. speaking in recent hours, the chief executive and chairman eiji hashimoto accused joe biden of caving to politically motivated lobbying and acting unlawfully. president biden�*s decision came a year after nippon steel first announced a $14.9 billion deal to buy its smaller pennsylvania—based rival. us steel has warned it might have to close factories without the investment that would come with a new owner, concerns that had been echoed by some workers and local politicians. here's the nippon steel boss speaking in tokyo. translation: due to the illeg

monday's sell. >> off proved. >> why apple. >> is so important. >> and why. >> apple has to justify. >> this lofty. >> valuation and share. >> price that it has. if you look at the mechanics of what happened in the market, nvidia traded down, and instead of putting those dollars to work in treasuries or something else significantly safer, those dollars flowed to apple. and so apple has two problems. one, they're still the safe haven trade. and they still have to justify this higher share price. two, they've had four quarters of declining revenue. and shareholders are growing tired of having to wait to find out whether apple intelligence is actually going to be something meaningful, or if it's just really splashy graphics and powerpoint presentations that got everybody's attention away from chatgpt and whoever else was dominating the news cycle. >> i don't hear anybody excited for the most part, about buying this stock ahead of the print. malcolm, is that how you feel as well? >> i wouldn't be buying this stock right here. i think that the share price is significantly elevated above w

our roadmap begins with apple's bounce today. shares are rallying after a positive sales outlook, signaling an iphone recovery. >> plus trump's tariff deadline. >> the president has confirmed he will impose 25% tariffs on imports from mexico and canada. that could start tomorrow, and the fda greenlights a non-opioid painkiller. in fact, jim's been talking about this for a long time. it's the first of a new kind of pain medicine in decades. we will be joined by the ceo of the company. we're talking about, vertex pharma. that'll be this hour. >> let's begin with apple rising on this quarterly beat in revenue guide that despite an iphone sales, that number that was amiss hurt by a slump in china, services revenue was a bright spot, hitting a record high. jim wedbush today says try. it's like trying to tackle saquon. the bears miss again. >> you can put eight up front. it doesn't seem to matter. i do think that the best news i felt was that where they had their apple intelligence, their ai sales are up now. they don't have it yet in

ultimately, look at apple. apple with zuck. specifically coming out of china. >> you mentioned zuck. we want to play zuck on the joe rogan podcast. >> because they have been so off their game in not really releasing innovative things. the good news about the tech industry is it is super dynamic and things are getting invested. if you don't do a good job for ten years, eventually, you will get beat by someone. >> your take. aggressive take from mark zuckerberg. ever since he started the mma classes, he is a different guy. a chain on. a different thing. in all seriousness -- >> mma battle with cook and apple. it comes down to 30% with the commission and what they're taking and this is -- we're seeing this game of thrones play out with meta and apple and across tech because of where we're going into it. it's frustration from meta's perspective. for apple, as we talked about, this is the year they have to ultimately not innovate, but the consumer innovation goes through apple and zuckerberg recognizes that. >> dan ives, great to se

there are two areas of concern. of apple's revenue.re's an expectation that there is an impending upgrade supercycle. and what that means is, give or take, 20% of apple and it hasn't happened that's the first. the second is you just heard is the china factor. steadily losing ground. throw into that mix the chinese government's antipathy, the impending trade policies. and the bright spot is the strong growth in services revenue. from icloud subscription, the app store, very roughly speaking, apple makes twice as much money on its services than it does on its devices. more sticky experience for customers. more money on apple. so it was positive news, but some areas for concern. to the us now, where the self imposed deadline set and mexico is closing in. speaking on thursday the president said it was yet number one is the people that have poured into our country so horribly and so much. else — that have come into the country. and i'll be putting the tariff of 25% on canada and separately, 25% on mexico. deficits with those countries. pres

apple as well. the latest earnings reports came in above expectations, but i'm wondering what sort of elements were you most focused and monitoring? the most really from this report? was it the fact that sales in china were disappointing? is this a positive story because they're not spending so much on ai? how are you thinking about apple? >> so we do not currently own apple. i think our view on that is they obviously they have done well recently on the back of underexposure to ai. i mean, to us it's actually quite negative stance going forward, because if you believe that ultimately the value would lies into which company would can actually crack ai or become the dominant power, just a bit like google search many years ago, that we become overly dependent within the google ecosystem, and ai is going to be the next leg for that. and at the moment, it's not clear who's going to win that race. so as far as apple is concerned, i think they have received a lot, a bit of benefit not being exposed to ai a

has apple said anything at all about the lawsuit? yes. so we have heard also from apple. apple has said that they actually do the right thing. they pay men and women the same wage. in fact, they said since 2017 they have maintained equity. and every year they say they partner with an independent third party expert to, as they say, make sure that the balance is still there. and so they say that they this is not a case. but again, they tried to knock down the case, as you said, at the top, and it didn't go anywhere. the lawyer or the judge in, you know, in charge said this could go forward. it will be interesting to see how far it goes. it will be interesting to see if it gets class action status. and again, it's not the first time this has happened at a big tech company. let's hear from one of the plaintiffs who used to work at apple. okay, it's in the back of your mind, but it's still a shock once you discover it and you realize that, you know, we're doing the exact same things. and i'm just i'm not being valued as much as this person for, you know, no other reason beside

i'm sympathetic to the apple cause.a ton of respect for these guys, they're on our show a lot. i think apple has not priced in a whole lot of anything. that's the flip side of this. i don't think apple's priced in the -- the a.i. revolution. i think apple will certainly be the platform and the way most people actually experience a.i. i think apple's proven time and again this really is that install base that is the content that keeps on giving. my goodness. someone was just talking to me again. >> wow. >> the other side of this, can you not tell me we haven't worried about apple in china for a long time? isn't that in the price? don't we know what the growth target is? apple's really underperformed. >> you know what's not in the target? india, vietnam, all things thailand, malaysia, all things that are the bullish call of them moving away from china, or the dependence si on china, both for manufacturing and for consumption. >> the consumption end doesn't offset the loss of -- >> not yet. but they have another -- india i

approved by the government, which needs to happen before apple can launch apple intelligence in that country. huge, important feature, obviously, for chinese consumers over there. and on top of that, pointing out other recent headwinds that includes google losing its anti-trust trial, which puts the billions it pays to apple every year at risk. that's going to take many years to work its way through the courts. despite all these s, moffettnathanson saying apple is a strong company, just overvalued and too expensive, especially in comparison to the other mag seven names. also praising apple's relatively low capex spend on artificial intelligence, compared to companies like microsoft that are spending tens of billions a quarter. on top of that, we saw a huge run on apple shares in december, just basically on no news. moffettnathanson in this note just pointing out, there's some disappointing little bits and nuggets that have come out over the last several weeks that people weren't paying enough attention to, hence their downgrade. >> $188, the new price target. steve, thank you. let's

apple is still the topic for this year.ued. where do you think things who have the figure upside for that now? >> sure. kelly, yes. apple has had a tremendous run. in the near term, its valuation is close to its peak, multiple. we don't think the current life on 16 cycle is all that strong and i think it is more likely that near-term numbers might go down rather than go up. also seasonally, the stock market generally doesn't do very well in the september to march, april time frame. we have been encouraging investors to wait for a better entry point, ideally between 200 or 220. the start is to 60. so we would just encourage investors to be patient. with that said, we think, if you are able to get at a lower price or as we get into the march, april time frame, that people start to look at to the iphone 15 cycle. we think that will be very strong. you know, i phoned have grown a couple digits and ultimately, we think it is not implausible, you know, that apple could do $9.00 a share next year in earnings for fiscal 2026. 32 ti

in 1990 apple daily in 95. i met him in 93 and he told me about his crazy to start a newspaper. anyway, i was wrong. he was right. it became an overnight success. there's chris, last governor of hong kong martin lee reading apple daily and you can see these beautiful, you know, big, bold use of color graphics, color printing. he was the first guy to bring color to hong kong newspapers. oh, of course. he everybody knew 1997 was coming. apple and next kept fighting. this is 2003 when 500,000 people came out in the streets against. article 23, national security, that's cover of next magazine, blown up to be a poster that is tung china, the first chief executive of hong kong with a pie smashed in his face. he was not amused. apparently, but this was a real turning point for apple. and next, because it was it was jimmy, the media group that rallied people and got 500,000 people out on the street, an unprecedented. post 1997 display of political activism in hong kong, part. these this is what the street looked like t

store, apple's app store and google store.the law has changed. so yeah, that could be a near-term boost. what about netflix? there is a tiktok angle here, as well. evidently as my producers said, promoting shows like "squid games" in the past, a lot of that attraction was happening on tiktok. >> yeah, younger, right? so what it does is it moves to instagram reels, which is a meta property, and it moves to shorts, youtube shorts, which is an alphabet property. so it just gets moved. by the way, there's a new chinese app that a lot of the kids are moving from tiktok to. so, you know, they will find a way to get shows, you know, this might be a two or three-week disruption and tiktok becomes irrelevant really fast. once the audience moves, they don't go back. >> the algorithm is so much superior. i don't even know how to find youtube shorts. what about the results today for netflix, what would you be looking for? >> looking for ads. 8.9 million subads, and where they come from, so the average arpu is about $11.70, which is a weig

interesting, the criticism of apple.ously, our viewers remember when apple changed ios and for a period of time meta was in a very difficult position in terms of its ad targeting. then they came back, roaring back, obviously, with no algorithms and ai-driven ads that have allowed them to monetize at a higher rate. it's not as though there hasn't been -- i wouldn't call it bad blood, but certainly some difficult times between the two companies. >> it was straight out of musk's playbook. he went after the new class of creators, the elite, the cultural elites, and said that, you know, there should be a new crop of social media users, there should be a reordering of society, and he sort of hammered the media in particular and tv anchors and news people. i don't know what his beef is there. >> he also told carl and i that we can be more masculine on set. >> he was talking about corporate cultural, masculine energy. >> i didn't realize. >> i think the 9:00 a.m. is plenty masculine. i don't know that we need that. >> thank you.

apple dropping behind vivo and huawei. shares of apple up .75%. we will continue to watch the stock throughout the hour and day to see if there is any reaction to that report. >>> coming up on "worldwide exchange," from super micro to adi, aann end to one of the most notorious short sellers here on wall street. we'll be right back after this. ...or know what i like to eat, which is not that. what's up, my brother? oh, hey, bud! we really needed this rain. right? [car splashing rain water] agentforce helps restaurants prevent dining disasters. paddle on over! it's what ai was meant to be. we got you, brother. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. z's bakery is looking to add a pizza oven, by investing in the s&p 500 with spy. arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more ab

eric apple discovered methods in the morning. these tiny pests leave a sticky residue on leave and berries. yeah, look here, here's another one that's all fine. yeah. that's, that's just like a raw spray sides from the pale coloring is in to you of them or do you find sufficient to kind of, if you only find a few, then was a big problem. but you have to monitor things. if the numbers start to grow, that's the other. in this field, we use helpful insects like parasitic wives of natural predators against the effects has as control is an ongoing effort. releasing credit to re mites is another way to fight the parasites. respirators thrive and consistent. warm grass cover helps keep summer temperatures below 30 degrees celsius. the plastic tunnels provide additional protection. the ongoing for the nation has increased significantly and recession is with a major advantage of being protection against the weather. and this, it means were shielded from heavy rainbow hailstones, as well as the sun taking with a hot ross. but he's a highly

was that the flagship #number for apple? >> people expecting china to be weak but it was 14% below consensus expectations so it was a big mess, but luckily for apple, both the mac and the ipad really strong so in aggregate the results were in line with expectations. for me the concern is china will not get better for them because they don't have the capability to sell ai products. they are struggling to find a partner. maybe china will continue to block them. given all the technology evolution including deepseek, is the apple iphone offering in china going to become weaker and weaker? on the optimistic side there is a two days iphone fresh coming up, the cheap as the phone being refreshed, that could be important for the indian market. and a more premium refreshed later perhaps in autumn with a much thinner iphone. expectations are a more substantial iphone refresh this year and they will continue to rollout better ai futures through this year. a huge company. they know what they need to do. people are still confident that t

keith and i are good friends, apple is the underdog and everyone thinks are not involved, watch out appleyer but i also like alphabets undervalued i'm with keith this is not the bursting of the a.i. bubble it's the end of the nvidia monopoly is over there not only player in town and investors are to be more discriminating when they make investments. stuart: keith, if you are there lou agrees with you. >> lou is a smart guy we go back a long way, lou and i have thought the motherly about this stuff for more than a decade, the world is changing and you have the opportunity to change something in human history it'll change the course of our planet investing early and consistently lou will tell you straight up that is a path to profits days like that you hold your nose and waited anyway. stuart: good luck, thank you for joining us. a tough guy. the opening bell is about to ring, they're going to start trafolks are clapping and cheerg on a day when they're going to start way down unfortunately. hit the button were often running i'm expecting to see writing across the board that's what we got t

apple, i think on this desk, we haven't loved apple, primarily because of price. the sort of, you know, the disappointment about a.i. and whether the, you know, the -- i don't know when we're really going to see phone sales take off because people love the apple a.i. experience. >> who wants to take a bite at apple? >> i'll take a bite. i might spit it out. >> you might check on oke on it. >> i'll see if i can chew this one down. courtney and i were on the show, the other two panelists, we hate that word, but we're a family here, but the other two members, i think, collectively, we said, listen, there are times where apple is a will jilt legitimate vehicle. there's times to get in. but if you've been long, that same volatility makes it very tough for you to time when you're going to get in and out. if you're a believer in the long-term sector, it's one that you should own and hold onto. now, for those of us that have sat on the sidelines, i'll be the first to raise my hand, i just don't understand what the real drivers of the supercycle are, and if a.i. is the cat

apple, brought, , microsoft, amazon. back to the usual suspects. >> so you have been able to have people come in and not feel like they are chasing these. >> healthcare, though, is the only sector that is weaker. it continues its underperformance .7 .5% lower. >> there was an attempt at a little bit of a trade for healthcare and it worked to some degree, but yesterday, between unh and the nasty stock reaction, today, lily is the big momentum named in healthcare. it is down 2.2% on those concerns about medicare negotiating prices point >> and novo. eli lilly's own obesity drugs wouldn't be eligible for that distinction until 2029. but still, obviously, that affects the entire sector as far as what else is moving out there. not getting a big boost on meta- , which is interesting, given the headlines around tiktok. we are going to talk to frank mccourt in the next hour, which is one of the insts thveorat wants to buy the u.s. tiktok business to try to prevent it from getting banned in the u.s. money movers starts after a qu

a little is how fast did apple sell?tween the ipad refresh and the mac, i think, doubt apple at your peril. >> it went straight up into the end of the year, and now it seems to be going straight down. maybe everything changed in six weeks. >> it's a critical question, though. apple, ven if you don't care about the stock, it's a top five holding in 300 etfs. >> yeah. >> it moves the whole market, or it can. >> absolutely. >> without a doubt. >> victoria, thanks. good to have you on. victoria greene. >>> we've got a lot more to do. after the break, whether you are a stock investor or a bond investor, what exactly do you do to navigate this er-vechanging rate environment? well, that's what market navigator is all about today. it's up next. d overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. ok guys, instead of getting weathertech, i saved a few bucks and got some cheap, fo

phones and regions who have access to apple intelligence outpacing regions that don't have apple intelligenceting that a.i. and apple intelligence is working for the company. and let's be clear, maybe a little bit of a miss on china and iphone sales, but in three months this company has revenue of $124 billion. i'm not sure you can bet against that. stuart: they get something from just about everybody in america. rent here and there all over the place. >> exactly. stuart: amazon, they say heir going to increase quite sharply their ad spending on p. what's the significance of that? if that's a reversal, isn't it? >> huge, big reversal from 2023, almost two yearsing a, when a lot of did advertisers, amazon included, pulled advertising from, and. elon musk was championing free speech. a lot of people said, no, no, that means you allow hate speech. they're coming around to the idea that the platform is safe where they can advertise. there was an alleged memo that went around from elon musk. he's denying it, but it said x is barely breaking even at this point. any new advertising dollars would be

i'm at apple river. we're on the river and a guy just stabbed three people.man's intestines are falling out of his body. hi. we're in the river right now. we got people bleeding out. >> alina hernÁndez gets a call from isaac's friend while she's having lunch. about ten minutes from the apple river. >> but 0 for 1 called, screaming that isaac had been stabbed. >> the worried mom rushes to the scene where ambulances have arrived to help the injured. >> and i saw, i saw isaac's hair laying on the river bank. i knew it was him and they were trying to perform cpr on him. >> did you go to isaac? >> yeah, i ran to isaac. >> was it clear he was already deceased? he just. >> when we come back, nick tells cops one thing. >> did you see that fight on the river? >> i heard about it. >> you heard about it? >> then another paul wight yency. >> it was a it was self-defense. >> but what would a a jury say? >> the jury finds nikolai mu. >> are you ready to see your skin? go from this to this? i mean, look at that transformation. >> want smoother, firmer, younger looking skin

apple needs apple intelligence for chinese consumers. cnbc business news, i'm steve kovach. >>> returning to one of our top stories. investigations are continuing in new orleans after an army veteran flying an isis flag from his truck rammed into the new year's revelers killing 15 people and injuring around 30. jay gray joins us now from new orleans. jay, just give us the latest. >> reporter: yeah, silvia, as you can see, this area is still locked down. an early hour in the early morning here, you would normally see revelers still coming out of the french quarter kind of lingering along the streets on canal. you don't see that at all. in fact, there is an eerie silence in the city right now. a tension here. so many, like investigators, searching for answers. the suspect in the case, shamsud din jabbar, 42 years old with army service commitment. he left as a staff sergeant. we know investigators have centered the investigation in the french quarter where they continue to search for evidence, but also jabbar's home in houston and an airbnb